Pepperstone vs Trade Nation
Side-by-side comparison of regulation, trading costs, platforms, and account types for Pepperstone and Trade Nation.
Award-winning Australian broker, top choice for cTrader and algo traders. Razor account offers raw spreads with $7/lot commission. Multi-regulated across ASIC, FCA, CySEC, DFSA and BaFin. Important note: Pepperstone does not accept New Zealand retail clients (since 1 December 2017, when FMA derivatives issuer rules came into force - Pepperstone chose not to pursue an NZ-specific licence). New Zealand residents should consider BlackBull Markets, CMC Markets, or IG instead.
UK FCA broker (formerly Core Spreads) offering fixed 0.6 pip spreads on EUR/USD across both retail and pro accounts. Zero minimum deposit and TN Trader plus TradingView support make it a clean low-friction pick for transparent-cost trading.
Quick verdict
- Trust: Pepperstone has the higher trust score.
- EUR/USD spread: Pepperstone is tighter on EUR/USD.
Side-by-side comparison
| Feature | Pepperstone | Trade Nation |
|---|---|---|
| Trust score | 9.2 | 8.4 |
| Regulators | ASIC, FCA, CySEC, DFSA, BaFin, CMA, SCB | FCA, ASIC, FSCA, SCB |
| Headquarters | — | London, United Kingdom |
| Founded | — | 2014 |
| Min deposit | $200 | $0.00 |
| Max leverage | 1:500 | 1:200 |
| EUR/USD spread | 0.09 pips | 0.60 pips |
| Commission per lot | $7 | $0.00 |
| Raw spread account | ||
| Standard account | ||
| Swap-free account | ||
| cTrader | ||
| MT4 | ||
| MT5 | ||
| TradingView | ||
| Scalping allowed | ||
| EAs / algo allowed | ||
| Hedging allowed | ||
| Copy trading | ||
| Deposit methods | — | Bank Wire, Credit/Debit Card, PayPal, Skrill |
| Withdrawal methods | — | Bank Wire, Credit/Debit Card, PayPal, Skrill |
| Withdrawal speed | — | 24h |
| Base currencies | — | USD, EUR, GBP, AUD |